Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CS MAG from Floreffe, company number BE0644704263, closed financial year 2025 with a result of € -120,717 after tax. For that financial year CS MAG recorded a gross margin of € 597,079 and equity of € -293,766. Compared with financial year 2024, the result moved from € -148,155 to € -120,717. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ -293,766
▼ € 120,717 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -120,717
▲ 19 % less loss than in 2024
Profit after tax over the fiscal year.
€ 79,599
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -313,766.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 605,148
▲ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,073
▲ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 315,976
▼ 6% vs 2024
€ 20,199 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 573,282
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,478
▼ 41% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,675,807 | - | - | - | |
| Gross margin | € 528,423 | € 641,871 | € 399,434 | € 597,079 | ▲ 49% |
| Profit after taxes | € -100,537 | € 3,015 | € -148,155 | € -120,717 | ▲ € 27,437 |
| Equity | € -27,909 | € -24,894 | € -173,049 | € -293,766 | ▼ € 120,717 |
| Total debts | € 972,728 | € 952,663 | € 997,873 | € 1,253,270 | ▲ 26% |
| Cash | € 119,685 | € 97,610 | € 86,865 | € 79,599 | ▼ 8% |
| Land & buildings | € 418,964 | € 404,894 | € 390,824 | € 459,846 | ▲ 18% |
| Retained profit | € -47,909 | € -44,894 | € -193,049 | € -313,766 | ▼ € 120,717 |
| Bank debt | € 387,358 | € 358,565 | € 336,599 | € 315,976 | ▼ 6% |
| Balance sheet total | € 944,819 | € 927,769 | € 824,824 | € 959,504 | ▲ 16% |
Key figures of CS MAG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CS MAG?
What happened at CS MAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 120,717. filed late Source: NBB ↗
- New establishment in La Bruyère. KBO
- New establishment in Wavre. KBO
- New establishment in Rixensart. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,537 loss in 2022 to € 120,717 loss in 2025.
Paid € 10,898 in corporate taxes since 2022.
Best year ever: 2023, with € 3,015 profit.
Management
Behind CS MAG are Adelina Hanific and Didier Colin. The shares are held by Adelina Hanific and Didier Colin.
Directors
According to the 2025 annual accounts
Didier Colin
Director
Is a shareholder
Also active at: S&J Store, A.N. Invest, SD ESTATE, PK Presse, EURO GOOD TRADE, CL PRESSE, SD STORE, COLINVEST
Shareholders
Adelina Hanific · director
Didier Colin · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Robersart 96
5150 Floreffe
Chaussée de Bruxelles 43
1300 Wavre
Active since 6 January 2020
Rue Aviateur Huens 27
1330 Rixensart
Active since 6 January 2020
Rue du Village, Meux 6
5081 La Bruyère
Active since 1 November 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0644.704.263
- VAT number
- BE 0644.704.263
- Registered office
- Rue Robersart 96, 5150 Floreffe
- Names & denominations
- CS MAG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2015
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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